Overview
- DP World introduced a war-risk cargo policy for shipments moving through Middle East corridors, including the Arabian Gulf and the Red Sea.
- The single policy covers the full journey across sea or air transit, port storage, and inland transport with zero deductible on valid claims.
- Coverage limits reach up to $400 million per shipment and $1 million per inland movement, with optional standalone legs and, DP World says, up to 14 days of automatic port storage cover.
- The launch answers trade disruptions linked to the Iran war, as reports describe insurers canceling cover on high-risk routes and cargo getting stuck near key chokepoints.
- DP World frames the move as a step beyond port operations to act as an end-to-end risk partner, and it claims pricing that is more competitive than typical war-risk premiums.